# Hanwha Aerospace breaks ground on engine factory in Changwon

Hanwha Aerospace held a groundbreaking ceremony on April 15, 2024, for a $30 million, 16,530 m2 facility in Changwon, South Korea, to manufacture GE Aerospace F414-GE-400 engines for the KF-21 Boramae aircraft. The factory is expected to be operational by 2025, producing approximately 300 engines annually.

- Type: New facility
- Announced: 2024-04-15
- Where: Changwon, South Korea
- Value: $30.0M
- Starts operating: 2025
- Status: under construction
- Capacity: 300 engines per year
- Products: F414-GE-400 jet engines
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Hanwha Aerospace](https://endata.com/companies/5761.md)
- [GE Aerospace](https://endata.com/companies/9857.md) (partner)

## Sources

- [turdef.com](https://www.turdef.com/article/hanwha-builds-a-new-factory-to-manufacture-kf-21-s-engine), 2024-04-23: "The company held a groundbreaking ceremony at Changwon on 15 April 2024 to construct a 16,530m2 facility at $30 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.